Must be drunk or taking dope to believe it. Taxpayers got really screwed.
Add up GMs total waste of taxpayers dollars. $52 billion bailout for GM
directly, GM old hasn't been fully tallied up yet. GMAC is on its 4th
bailout for about $32 billion. Delco and others, who knows...lets just
say $10 bilion. And another $9 billion or so for plant cleanup. Almost
forgot, $15 billion loan and preferred shares so GM had the cash to pay
back 8 billion to clear a loan.
So all told, say $100 billion. Chrysler, incentives and pensions extra.
Even at $50 billion, who is going to come up with that kind of scratch
for GM losers? And wih their credit history, you would be insane to
lend them money.
Taxpayers were bathed for DC corruption.
Taxation, modern day slavery. The loss of economic freedom.
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